Horizon State, an Australian-based technology startup dedicated on developing a decentralized participation has officially established Australia's second digital money IPO - an “initial coin offering” or ICO.
Horizon State expects to modernize the way people vote by utilizing the block chain to make a digital ballot and make decisions. This will improve security and transparency and can be applied by a wide range of user groups from authorities to public and private organizations. The MVP of this item was started in early 2017 to get Australia's MiVote membership, advocating the technologies using 4 nationally-inclusive surveys that dedicated tens of thousands of votes into this Ethereum civic blockchain.
What Is Horizon State?
Horizon State is a company that focuses on a blockchain based voting ecosystem offering effort operations for a variety of election forms and voting parameters. The company intends to construct three core products: a protected voting structure, a stage for electoral related info allowing voters to access campaign-related substance and inform them about important issues, and an analytics toolset providing insights to the efficacy of individual campaigns as well as voter behavior. The broader impact of this system guarantees a variety of benefits to administrators, Republicans, and possibly, the democratic process itself in many countries.
Horizon State ICO Vision
Horizon State is utilizing blockchain with the digital ballot technology. Co-founder Jamie Skella explained that by using a ledger that was dispersed, a ballot box can be created which cannot be hacked and will maintain the anonymity of each voter.
The final result is a system which is more convenient, faster, and cheaper than consolidated voting process. Jamie Skella describes the program from Australia as “radically cheaper”, equating to a cost per qualified voter of less than $1, in comparison to conventional expenses of $7 or even more.
In addition, Skella says, “We're eager to share this vision on the planet. Presently, we're engaged with international NGOs, multinational businesses, federal authorities, and town councils – all of which can be incredibly encouraging and positive negotiations.”
Horizon State Technology Future
Profits from the sale will be used to expand and develop a package of bots voting apps, and a platform to help push a new democratic procedure, which is relatable and more suitable. Skella adds, “The future of e-voting will include the technology we already have at our fingertips to deliver the chance to vote conveniently and securely, perhaps without ever having to leave the comfort of your property.”
Governments have a chance to increase citizen participation. The Horizon State platform today delivers a means to do so securely, instantly and at a fraction of the price of current techniques, providing and the voter apathy felt by most individuals.
Horizon State Conclusion
At the broadest sense, blockchain based voting systems have tremendous potential to improve the security and functioning of present systems in many parts of the planet whilst decreasing costs and improving access. Too many international citizens inhabit areas of the world suffering from processes that render participants unsure whether the declared results reflect the actual tally of votes cast.